GSK’s oncology business suffers another blow with Zejula setback

News follows setback for GSK’s blood cancer drug Blenrep Shares fall nearly 5% in afternoon trading Nov 11 (Reuters) – Britain’s GSK said on Friday it would limit the use of its ovarian cancer drug Zejula in the United States as a second treatment option to ward off cancer in patients whose tumors carry certain … Read more

Wall Street mixed after weak trade data; Tesla drags the Nasdaq

China’s ADRs fall on concerns over the direction of the economy Tesla falls on price cuts in China Activity contracts in the United States in October Indices: Dow up 0.46%, S&P down 0.09%, Nasdaq down 1.19% Oct 24 (Reuters) – U.S. stock indexes were mixed in morning trading on Monday, with the tech-heavy Nasdaq hit … Read more

BP buys US biogas producer Archaea for $4.1 billion

BP bets on growing demand for waste fuel BP wants to increase its production by five by 2030 The deal is the biggest since CEO Looney took over in 2020 LONDON, Oct 17 (Reuters) – BP (BP.L) is to buy U.S. renewable natural gas (RNG) producer Archaea Energy Inc (LFG.N) for around $4.1 billion, the … Read more

Citigroup beats earnings estimates as rate hikes bolster lending business

Oct 14 (Reuters) – Citigroup Inc (CN) beat third-quarter profit estimates on Friday as its lending business benefited from a series of interest rate hikes by the Federal Reserve and offset weakness elsewhere divisions such as investment banking and trading. After facing years of near-zero interest rates, banks are seeing a sharp rise in net … Read more